Title: Relationship between Nifty and Ashok Leyland
\nAuthor : Anand GR
\nIntroduction:
\nAshok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the Hinduja Group. It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955.[4] Ashok Leyland is the second-most successful manufacturer of commercial vehicles in India (with a market share of 32.1% in 2016), the third-most successful manufacturer of buses in the world,[5] and the tenth-most successful manufacturer of trucks.
\nObjective: To calculate the Beta and its Significance.
\nData Collection: Data for Equity & Nifty has been downloaded from NSEsite for the period from 01st Jan,2022 to 31st Dec 2022. The data was edited and manipulated to get Friday closing price, weekly returns were found out of nifty was considered as \u201cX\u201d and weekly report of equity were considered as \u201cY\u201d.
\nData Analysis:
\nDemand Y= 0.194+1.016 Niftyret X+ e
\n (t-sat= 4.375)
\n N=49, R^2= 0.289, F=19.148
\n t-sat of b is shown in bracket is (4.375).
\nThe P-value for this is 6.687E-05 which is less than 0.05 meaning \u2018b\u2019 is statistically significant at 5% level.
\n N = 49
\n R^2 = 0.289 which means 2.89% of Y is explained by X and balanced 97.11% is unexplained i.e., error.
\n F= 19.148
\nP value for this is 6.687E-05 which is less than 0.05 which means that overall model is statistically significant at 5% level.
\nThe above equation tells us about the relationship between Nifty and Equity returns. <\/p>\n
Conclusion: – As Beta is less than 5% it is good for investment, if Beta is more than 5 it is not good for investment if Nifty rises. <\/p>\n
Report By: –
\nAnand GR -021230022465 -OSCM Batch<\/p>\n","protected":false},"excerpt":{"rendered":"
Title: Relationship between Nifty and Ashok Leyland Author : Anand GR Introduction: Ashok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the Hinduja Group. It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955.[4] Ashok Leyland is the second-most successful manufacturer of commercial… Continue reading Relationship between Nifty and Ashok Leyland<\/span><\/a><\/p>\n","protected":false},"author":109476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9],"tags":[],"class_list":["post-16967","post","type-post","status-publish","format-standard","hentry","category-business","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/109476"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16967"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16967\/revisions"}],"predecessor-version":[{"id":16984,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16967\/revisions\/16984"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16967"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}